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than seven in ten people are dissatisfied with the present state of the economy. 60% believe we have hard times ahead. president obama swept into office, four years ago in the waive of hope, but it it seems to show that things have soured and it seems more like cope rather than hope. what happened? >> this is a different environment than it was four years ago, craig and a couple of points. president bush does come into a success term in the strong political position. his approval readings is 52% and the second-term agenda items like gun control as well as immigration and you mentioned those attitudes about the direction of the country and about the economy and this is an american public right now that lowered its standards and lowered its expectations from four years ago. in some ways that's a good situation from the obama white house and sometimes lower expectations make it easier to get achievements done, but this is a country that is still being hit by the aftereffects of the great recession and also this poll comes after the terrible tragic shooting as well as the showdown in the
economy and its resilience and its ability to come back from the dumps? >> yeah, well, it is a little bit of all of that. we will never know how it would have worked out if there had been a different president of the united states. but you do know that the federal reserve has been quite instrumental here in pushing rates to historically low levels, flooding the economy with money, and chasing people into risk assets with the idea that that would create a sense of wealth, and therefore spending, and that is to a degree working. and the other side is that the american economy is tremendously resilient. so we are on a path to recovery. there are some head winds that are enduring. we're growing about half what we would like to grow at, but we are in a recovery, and i expect that 2013 will look a lot like 2012, 2% kind of growth which is not terrible, not great, but good enough. >> it feels like we're running on a treadmill. we're in the same exact spot and we keep running and running and getting nowhere. so jim, my question -- or peter, i should say, let's bring in peter here. my question for
's stories. the big one, china aes economy rebounding in the final quarter of to 12. growth to 7.9%, up from 7.4% the appreciate quarter. economists do caution, though, that a chinese recovery is likely to be gradual and weak to drive a global rebound without improvement in the u.s. and europe. also, the fate of dozens of hostages in algeria is still unknown. the algerian military stormed a gas field where the workers were being held. six people if not more are believed to have been killed. >>> a team of experts from boeing and the aviation experts are arriving in japan today. today the japan transportation safety board released a picture of the battery. they said the battery was blackened and carbonized, had a bulge in the middle and weighed 11 pounds less than normal. >>> and the interview everybody is talking about, i stayed up late to watch it, lance armstrong telling oprah that he cheated. >> in all seven of your tour de france victories, did you ever take banned substances or blood dope? >> yes. i view the situation as one big lie that i've repeated a lot of times. i'll spend the rest
talking about it, investors should be focused on making money in the economy and corporate profits are healthy enough to do that. joining us now, start with this. why can you possibly say don't worry about washington because long-term interest rates go up, stocks will not be undervalued, they will not be cheap and that could hurt the stock market. >> this is a great point you are making, but we put, believe it or not, a 5% 10-year treasury yield into our stock market model. we are assuming interest rates soar from here. and stocks are still undervalued today. we can take a lot higher long-term interest rates put my real point about this is if we go back a few years, the first fiscal cliff, the 2010 tax cuts were going to end. the first debate over the downgrade. all of those things happened, and yet the market kept going up. same with the fiscal cliff this time, and i believe people are overly concerned about a lot of the things that are happening around the world. the economy continues to grow, the stock market is really cheap, and that is what investors should focus on. if you go
invests to see our economy grow. the one silver bullet in deficit reduction is economic growth. we need to get out of this circle we're in right now and start talking about growth. how we start moving the economy forward because we'll never get out of the hole otherwise. melissa: stephen, that is a great point. do you move the economy forward and grow by raising taxes, do you think. >> president obama at one point believed we do not. he argued in twine and 2010 you would hurt economic growth if you raised taxes at time the economy was struggling. that is what he argued at time. melissa: what do you think, steven. raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy p
to the strength of the global economy no, airline can afford to cancel an order with boeing. airbus sold out for years. and you can't get back in the queue if you cancel. you will be stuck with older, less fuel efficient planes to deal with a higher priced oil environment when you can fill every seat have you and then some. boeing, the single greatest short of our lifetime, frankly, actually rallied 92 cents today. a bear's worst nightmare, which, of course, is there for the single best possible dream. for a bull. now, let's extrapolate the story. we were suppose supposed to have a horrendous, hideous economy. those guys real downers. why? washington gridlocked, confidence down, horrible down there. president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling and laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep th
sensitive to the economy commodity in the world. ip took out a lot of capacity. ip is a genius. this company's had an unmitigated run. capacity's constrained, prices going up, 95% of capacity. that is like -- you can put the price increase after price increase, that says the economy is much stronger than expected. this is the first commodity to raise prices big when things get better. they're raising prices consistently. very bullish. >> that is a great, great tell. still more to come this morning. get ready for an ipo hat trick, sunco energy partners, norwegian cruise lines, all making their debuts this morning. stick around to see how they open for trading. the opening bell is just a few minutes away. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ indistinct shouting ] [ male announcer ] t
market economy and grow the business in a slow growth world economy. again, reflecting slow growth overall. i think they had strong numbers when it came to agency. some of those numbers up by 18%. volume was driven by agriculture with robust tales in latin america and a strong selling to the north american selling season along with increases in asia pacific for performance materials, electronics and communications and performance chemicals. >> the stock was higher a year and a half ago or so. but in terms of the last year, it's getting -- it's sort of the in the mid point of the trend. coming back, at least trying to get back to where it was earlier. all-time highs are at about 58. >> in corporate headlines, more developments in the boeing story. there are indications now that the dream liner could stay grounded longer than initially anticipated. investigators turning to the maker of the lithium ion batteries that are used in the planes. that is gsyausa. investigators visited the batterymaker yesterday. shares of boeing have started getting to the low end of the range after some ch
. that means the lending is not going on. we're still at increasingly a low economy. if you buy back the dell, you don't go to the banks anymore. you find other sources of money. i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. stocks had a pretty nice day yesterday. the s&p closed at five-year highs. we are looking to the down decide this morning. the dow looking to lose about 62 at the open. the picture in europe, a couple of downgrades for gdp forecasts from both the german government and world bank. italy is down by 1.5%. road map this morning starts off with the banks and earnings. jpmorgan higher. goldman sachs at 18-month highs. >> japan airlines gro
of these moments where the world economies are going to be better. i say that because it is the same batehavior i've seen over d over and over again. they are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run. but wakes itself up perhaps with my clock and if history serves me right, they go higher not lower and it is turned out that their evaluations ended up being catalysts galore. bob in florida, bob >> it is fwrat to tais great to. south florida by way of teaneck, new jersey. i'm calling about krispy kreme donuts. i sold it and forgot about it and now it seems like they reinvented themselves. the stock is up 70% since mid november and still trading. even talk about take over. >> i believe there is a turn going on. it has been ages since i looked at it. the last time i looked at it i chipped my tooth. i will do more work on it and see where this one can stop. nobody does know. robert in massachusetts, robert. >> booyah jim, hail from massachusetts. >> fantastic. >> there you go pats i don't k
the debt ceiling or put the u.s. economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big announcement will be. you've heard a lot of analy
that is indeed worrisome. however, we are seeing some pretty good signs in the economy right now, so we're hopefully optimistic that they'll continue. and last thing anybody who's bet against america has proved it's a losing bet in the past. we're very bullish on this country. >> steve, thanks so much for your time. thank you for joining us first on cnbc. >> thank you. >>> interesting debate. meantime, goldman sachs making waves with the bonus pay joits. we'll get that in a moment. after the break, david faber's exclusive with mel karmazin. he's here to give us his very first interview since stepping down as the ceo of sirius xm. we're back in a couple of minutes. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to s
the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of the people on social security will be on fixed budgets. and so there's still a danger having out-of-pocket
" live from the dubliner coming up. >>> the state of our economy calls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited
by superstorm sandy. >> dupont 2013, a cautious year with the slow growth world economy. how worrisome are those comments from the economic bellwether. >> j & j exceeds estimates. the full year forecast a bit below the streets, as investors pay close attention to new ceo alex gorsky. >>> the dow component reporting fourth quarter numbers of 38 cents. that was well below estimates. verizon said the results were impacted by superstorm sandy. we're just getting details now, david, on activations on things like the iphone, 6.2 million, not too shabby. >> the problem was not necessarily activations, carl. the key is simply that margins came in even worse than had been anticipated. this, after the company already guided them down a bit at the consumer electronics show a couple of weeks back. and there, of course, you're talking about operating koose i higher than anticipated. investors may be a little concerned today when you take a look at that chart there. now, listen, to carl's point, they're adding a lot of customers. they're activating a lot of devices. we talk often about the subsidy for the app
you might not run, and his answer was, if the economy tanks, if things don't go well, it's not going to be great for me, was his sort of implication. if things work well, let's take a look at it then. and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew he was not going to be on the electoral battlefield. >> i think that's right, john. from his point of view, what he also -- he has to worry not only about whether hillary clinton's going to get in, not only about his own age and health, he has to worry about the overall success of this partnership. he has a very strong self-interest in seeing barack obama succeed. as you well know, after eight years of o
. >> what's the biggest misconception about our economy? >> is that the did he haeficit biggest problem we face. the deficit is not the biggest problem we face. the biggest problem we face is jobs. and wages. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the intervie
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> everybody was talking about the har-bowl. >> get used to that phrase. i'm already over it. some great games today, but we start with the redskins. london fletcher and ryan kerrigan are both headed to the pro bowl. they were both alternates but they'll make the trip next week to rhee place a few 49ers. as for the championship games today, it was the harbaugh super bowl. it's going to be that at least. both games live up to the hype. in the afc with the ravens and patriots. third quarter, joe flacco and company, down 13-7. second and goal. flacco finds his tight end for a five-yard touchdown. baltimore is up 14-13. flacco not done yet. next drive, goes right back down the field. this time hooking up with antoine boldin. that gives the ravens a 21 13 lead. flacco to boldin, this time from 11 yards out. he threw for three touchdowns and the ravens win 28-13. they're back in the super bowl since they won it in 2001. and ray l
, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over the last decades, and the price target -- i don't think 1.1 times tangible is expensive, but we do get some push back on that for sure. >> i'll bet you do. we had a discussion earlier about whether the go long money center short liegen center will last other reverse. do you have a view? >> i would expect it to last, maybe continue. the pressure is hitting the bank industry right now. i think the money center banks have a usneaks advantage to not have as much pressure and exp
're growing at 7.9%. we're barely growing our economy at 2% and we're giving them money. bill: critics say we boosted electricity output. that was productive for the united states. they don't call it outsourcing. they call it insourcing. >> you can call it whatever you want. call it whatever you like. the goal of the stimulus was to create american jobs, yes i will give them a bit of credit they will create some american jobs here. the problem, they're not long-term. they're not sustainable. the other issue you're supposed to push entrepreneurship, small business here in the united states. one of the small business renewable energy companies says we can't compete. when the money is doled out, these big firms come from europe and asia and they jump in right away and get the american money. bill: you wonder how many more stories and companies we'll hear about this? started in solyndra. $4 billion is awful lot. >> obama said 4 more billion in the budget. bill: joy. e-mail, on twitter. at bill hemmer. by. because you asked. martha: brand new numbers from the cdc how deadly this flu season is beco
economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs of medical expenses, which he said he was going to do. he did nothing. he struck back room
and partnering with things that are made in the usa. it's going to be just enormous for our economy. >> it's the largest company in world's history, walmart. they sell more food than -- food -- than any company in the world. >> i had no idea. >> that's how massive it is. 1.6 million employees. >> i think this could really make a difference in our economy. we need it. >>> all right. coming up, what happens when two retirees head to prison with their knitting kits. >> we'll show you those doing hard time with needles and yarn. you can't miss that. stay tuned. you're watching "world news now." stay tuned. you're watching "world news now." ♪ >>> good musical choice, huh? good musical choice. >> good stuff. all right. when you think about criminals serving time behind bars, you probably figure they're pumping iron or shooting hoops. >> and knitting is probably the last thing that comes to mind. two retirees are turning convicts into converts with yarn. here's abc's t.j. winnick with more. >> reporter: barbed wire fences, watchman towers, and a group of men with felony convictions. >> armed ki
for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a monthly extension is drama. so, what, congress should simply do its job. it should not, we're not going to negotiate over extending the debt ceiling. >> reporter: jay carney said they should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter: well, they're talking about plans and none of the alternatives are particularly good because the situation is so bad. with the white house refusing to negotiate spending cuts with republicans as part of a
're concerned about their economy, but iran is definitely up there front and center, and the meeting between the u.n. nuclear watch dog and iran has been pushed back by a day. it will be on february 13th, perhaps another stall tactic. will netanyahu become more aggressive toward iran and could we expect to see more unilateral decisions with respect to iran? >> i believe prime minister netanyahu is dedicated and committed to stopping iran from acquiring a nuclear weapon. and time indeed is running out. we believe that by the summer it may be too late. so what we're looking at is actually the spring, maybe, june at the latest, when a decision will have to be made. we still hope that the diplomacy will play its role. we still hope that sanctions will work. but if they don't, i believe that prime minister netanyahu will make sure and will keep his word that he will not allow iran to become nuclear. he will not be willing to be the prime minister during the second holocaust of israel. he is very committed to that. but in order to do that he would need a very strong coalition, very, very strong re
-object detection. lease now. just $199 per month. visit choosenissan.com. road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >> with the gun control debate exploding across the country. one kentucky sheriff sending a strong message to the feds. jackson county sheriff denny payman insisting you're never going to pull guns out of jackson county. how does he intend to make good of that declaration. the sheriff joins us, good evening, sir. >> good evening, how are you this evening. >> greta: very well. what happens if president obama issues some executive order and increases the control over guns or weapons? you're not going to enforce it? >> with the executive order? >> yes. >> okay. well, when i swore an oath, i swore an oath to the community. the group of people that live in jackson county. i swore an oath to the constitution, and swore oath also to the constitution of kentucky, and in that constitution is a
and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> this is a fox news alert. fox news confirming that secretary of state hillary clinton will appear before the house foreign affairs committee on january 23rd to testify about benghazi. secretary of state clinton was scheduled to testify about the libyan terror attac
to be reflective of a loan environment that's commensurate with a 2% to 3% growth economy. given that we think we'll get our fair share, we'll put some very profitable relationships long-term high-quality relationships on the balance sheet, and at the e of the -- this cycle, we're going to feel very, very good about how our customer business is structured and what that means for long returns. >> bryan, i've got to tell you, this group is going to get hot. i know it has to. and bryan's the chairman, president, and ceo of first horizon national. thank you so much, sir, for coming on the show. >> thank you, jim. thanks for having me. >> we still don't have the confidence. and that's really hurting a lot of the lending in this country. well, look, we get it, these stocks are going to rocket. let's put it that way. fhn, good stock, stay with cramer. >>> coming up -- sweet speck? cramer's got a sweet tooth tonight, and he's hungry for a scrumptious speck. chocolate sprinkles or covered in cream, could this confectionery delight stock make you salivate? stick around to find out. with the spark cash card
. martha: they have been doing okay. bill: so far. martha: a lot of people in the economy don't feel okay but companies are making out fine with the earnings. meantime lawmakers on capitol hill getting back to the business of the nation and spending. >> we need to solve these problems. it reminds me of the old jimmy buffet song, if the phone doesn't ring it must be me. like waiting for the senate to pass a budget. martha: what the president's call will mean for future budgets and taxes. the sea change we could be seeing now from the reagan years. >> we must take further steps to permanently control government's power to tax-and-spend. we must act now to protect future generations from government's desire to spend its citizens money and tax them into servitude when the bills come due. let us make it unconstitutional for the federal government to spend more than the federal government takes in. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional inv
show and says i think 2013 is setting up to be a cautious year. how will the us economy respond? she goes onto say the definite needs to be dealt with in a matter of months. back to stephanie again. she tells me that all anyone is doing is focused on the numbers in lat tip america. so a stock that has been sinking goes flying up. it ends up being one of the best performing stocking. again, a huge move for this one. believe me, if these were isolated examples i would be fine with them. but there are so many like this, you can see why all of this trading is fraught with calamity and chances for you to lose money with every twist and turn. i sure liked the look of ibm and google earnings and i liked the way the stocks traded after the close. until i hear the conference call myself, i am not going to pronounce them as terrific. i'm goi ining to say come on ji. >> how can you blame me for not wanting to pull these quarters apart myself? do the analysis myself? my charitiable trust, it is not idle chatter when i say these are the worst times of the year to try and make money. even if the d
felt like the economy was starting to turn and at the same time, the interest rates kept getting lower and lower. that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hoppin''. there's a lot of activity. >> reporter: real estate agent rose broghamer says it's a stark contrast to the scene here five years ago when the real estate boom went bust. there was a period where this was kind of like a ghost town. >> that's a really good word for it. it was very desolate. i did a lot of short sales helped a lot of people move out of their homes, out of their dream homes and had nowhere to put them. >> reporter: and now it's exactly the opposite. >> absolute. now we're seeing it come full circle. >> reporter: and then some. >> this is our master bedroom. >> reporter: the omens haven't even furnished their four-bedroom home with a view but they've already been approached by people asking. >> are you interested in selling? i
overseas stopped being dragged down by our sluggish economy. the move is in its infancy. they were left for dead in 2012 and are roaring back to life. i think they will gain steam as the wrangling in washington goes on for the rest of the year and beyond. fred in ohio, fred? >> caller: yes, jim. boo-yah. this is fred from ohio. it's a pleasure to talk to you. >> we loved ohio when we went out there last year to see massillon play some other ohio team. we were in that town. >> caller: i've been watching you from day one. >> thank you. >> caller: i want to know what do you expect from pepsi on the first quarter earnings and china and the association with burger king and marketing. what do you think of the first quarter earnings? >> i think the ceo is going to deliver a really, really good quarter. i think that stock -- its emphasis on emerging markets, it's going to do a great job. i would own pepsico going into the quarter. dino in california, dino? >> caller: jimmy. >> yo-yo. >> caller: happy new year. >> happy new year. >> caller: by the way, i hope you shorted the mayans. >> oh, yeah.
-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪ and it's time to feel good ♪ ♪ hey, all right now ♪ ♪ and it's time to feel good ♪ >> oh, dear. >> stephanie: i sound like a dude. >> hey, i know. now that everyone's getting sick, let's fly to d.c. and do a show. >> stephanie: good idea. happy wednesday everybody. speaking of d.c. and sexy liberal hal sparks in hour number three. we have representative rosa delauro, charlie pierce rescheduled for today. he was sick yesterday. >> yeah, jim, do it. >> stephanie: 1-800-steph-12 the phone number toll free from anywhere. >> for me, it is -- it lasted two weeks. >> stephanie: everything else is going great in my life. [ wah wah ] what is it? 11:50 today eastern, the president will unveil his gun control measures. >> although jacki says it has been moved to 11:55. we won't have it on our show. just say. >> stephanie:
hard options are and where to make the cuts so we can sustain our economy and channel some growth instead of going the opposite direction. >> well, i think it's just like any other budget that's out of whack. you first start where is the biggest potential area of savings? i would look at health care, i would look at the fact that in america, we spend one out of every $6 on health care. i think the government, you know, and this is not just me, you know, the congressional budget office, cbo-- >> when you're talking about health care, you're talking about medicaid, medicare, what other-- >> i'm talking about, a lot of the aspects, i think, that not only medicare and medicaid, i'm talking about looking at obamacare, i'm talking about looking at potential tort reform that might take some of the high lawsuits out of the equation. >> take the sting out of malpractice. >> yes, with still protecting people. i think the pharmaceutical companies, i mean, you know, my daughter went to the hospital and she was there for 40 minutes to see if she had a kidney stone and of course, it cost $4800.
different causes. it could economy kairt boeing's attempts to return the dreamliner to the air as investigators widen their search for a root cause. >>> now, the 787s were grounded before any accidents occurred but the recent fires had led some aviation experts to call for changes at the faa, questioning if the way the agency currently approves planes is keeping up with fast-moving technology, ron. >> okay, mark, thanks very much for that report on the continuing woes of the 787 dreamliner. >>> five were injured in three separate accidental shootings at gun shows on saturday. people were forced to run for cover after two bystanders were hurt at a show in north carolina when a shotgun discharged as its owner took the gun out of the case. the other incidents were in ohio and indiana. none of the injuries is life-threatening though. >>> new details this morning about that u.s. navy ship that ran aground on a coral reef in the philippines. the navy says the "uss guardian minesweeper" was using a faulty map that had the reef in the wrong spot. all 79 officers and crew have now left
. >> they will not collect a ransom in exchange for not crashing the economy. >> we talk to white house strategist david plouffe and our powerhouse roundtable, abc's george will, matthew dowd and cokie roberts plus former michigan governor, jennifer granholm, for the democrats and former presidential candidate rick santorum for the republicans. ♪ plus, how will the inaugural set the tone for the second term? we ask the star co-chairing the president's committee. eva longoria joins us live.
of the essential players in the economy, and so i'm hoping that the -- the mostly republican large corporate executives and businesses and wall street weigh in and grab these people by the collar and say are you crazy? the consequences are so bad? and if you think that the right-wingers are the only ones that are going to play in the next election you are mistaken. the chamber of commerce, business round table, et cetera could play an important role here and some reality check with some of these. some of us have introduced legislation that would actually repeal the debt ceiling. it's only us and denmark that has a debt ceiling and all of the countries of the world. >> stephanie: right. >> and we should just get rid of that rule. >> stephanie: yeah, i agree. and it's interesting to your other point. even newt gingrich made that point that the financial community is going to come in. he basically said it's a political loser, stop bluffing about it. >> right. >> stephanie: but we saw the same talking points yesterday. >> yeah, the john boehner part scares me, because i thou
some of the things picked up from the campaign. he's got to talk about the economy, talk about the number one issue to americans, and that's jobs and expanding and growing the middle class. we're looking at a middle class that continues to shrink, and it's something that really bothers the president. >> this is a speech that talks about values. he's going to try to paint a vision for his next term. the danger is if he's too broad. it won't be memorable. so how does he keep it tight, have memorable lines, maybe a quotable nugget that we can take with us like blue states and red states, the united states of america. it's a high bar to set, but he's done it before. >> jessica, you've been covering him for a long time at the white house. is this a different man than he was four years ago, a different politician, a different president? >> we always saw barack obama, there was the professor, and there was barack obama, the competitor. since he's been in office, we've seen barack obama, the competitor, emerge as a more dominant force. barack obama, the competitor, plays to win. we've
-growing economy and high unemployment. but there are signs things are turning around. real estate is starting to rebound. and the dow recently hit a five-year high. >> we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> reporter: and now, the man who ran the president's re-election campaign is hoping to reform it into a grassroots army to support the president's agenda for a second term. >> we have hundreds of thousands of neighborhood team members and leaders in every state of the union. we're going to work across party lines to get some things done. >> reporter: four years ago, the president promised to rise above partisan politics. >> on this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and wornout dogmas that strangle our policies. >> reporter: it was a promise unfulfilled, as washington became more divided. this time around, he's going to try to directly appeal to some of those who voted against him. and, george, the white house
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